Payengine

2 reviews

PayEngine is a specialized payments platform designed to empower vertical Software-as-a-Service (SaaS companies by streamlining payment processing and enhancing revenue generation. By integrating PayEngine, businesses can effectively manage merchant and processor relationships, implement flexible pricing models, and maintain control over sensitive data, all while delivering a seamless payment experience to their customers. Key Features and Functionality: - Middleware Orchestration: Facilitates efficient management of merchant and processor interactions, enabling businesses to optimize payment workflows and enhance monetization strategies. - PCI/PII Vault Solution: Offers secure storage for credit card and personally identifiable information, providing businesses with the flexibility to switch processors or modify billing terms without data migration concerns. - Tap-to-Pay Mobile Solution: Enables contactless payments directly through mobile devices without the need for additional hardware, enhancing the consumer payment experience and keeping businesses ahead of technological trends. - Processor Optionality and Tokenization: Allows businesses to select and control processors for each merchant or transaction type, while utilizing tokenization to prevent vendor lock-in and maintain data security. - Consolidated Reporting: Maintains an independent ledger that consolidates data from various processors and payment types, ensuring businesses have access to up-to-date and accurate reporting. - Universal Onboarding Tools: Provides comprehensive onboarding solutions with operator assistance, facilitating a smooth and efficient merchant integration process. Primary Value and Problem Solved: PayEngine addresses the complexities associated with building and managing a payments infrastructure within vertical SaaS platforms. By offering a white-label, customizable solution, it enables businesses to: - Enhance Revenue Streams: By setting their own merchant rates and controlling margins, companies can increase their annual recurring revenue (ARR by an average of 30%. - Maintain Data Control and Security: With secure vaulting and tokenization, businesses retain control over sensitive customer data, reducing the risk of data breaches and ensuring compliance with industry standards. - Simplify Payment Processing: The platform's middleware orchestration and consolidated reporting streamline payment operations, reducing operational hurdles and improving overall efficiency. In essence, PayEngine empowers vertical SaaS companies to take control of their payment processing, mitigate associated liabilities, and deliver a superior payment experience to their customers.